The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-29
CONDITION OF THE MARKETS
Wheat Very Quiet and Firm at Figures
Slightly Above Those of Saturday.
Corn Quiet and Steady, with Prices a Trifle
Higher-PrOvision in Moderate Demand,
with Stronger Feeling Prevailing.
MONEY, BONDS AND STOCKS.

The Market, for the First Time This Year,
Shows Indications of Rise.
NEW YORK, March 28-Money on call was
easy at Al at per cent, the last loan being made
at per cent; closing offered at per cent.
Prime mercantile paper, Sal per cent.
Sterling exchange was dull and weak at 81. "a :
for sixty days and ST. 86a for demand.
The total sales of stocks to-day were 406, l67
shares, including the following: Canada South
ern, 13, 900; Delaware, Lackawanna &c Western,
vile & Nashville, Is, 100; Northwestern 20. $50;
Reading SO. $50; Union Pacific, 2s,4O0; Western
Union, %, 7l3
The movement in the stock market which be-
gan late last week made further progress to-day,
for the first time this year showing all the indi-
cations of a genuine bull move. 1t was the first
really active day for many weeks. and. while
there was nothing like boom in any one stock
or group of stocks. steady, though
Glow appreciation of values lasted nearly the
entire day. The buying was remarkably we'll
distributed. nothing seemingly being neglected.
and while the traders INDUCED in some realizing
on their purchases of the past few days, there
was some buying. with a fair inquiry from out
of-town operators, and a fair demand from for
eigners. A remarkably favorable impression
was created by the statement of Union Pacific,
which was somewhat of a surprise to the street,
and Jersey Central was materially aided by the
report that a contract had been made with the
clearance company which would largely in
crease the earnings of the road in the immediate
future. Western Union was one of the favor
ties of the day, and it was rumored that some
thing important was to be developed in a short
time There particular feature in the
remainder of the list, although unusually
large number Of the low priced stocks were dealt
in. The rates for money showed hardening
tendency, and were bid up to per cent
late in the day, but extensive reaZatons
caused material reaction from the best figures
The market was decidedly strong and active al
the opening, first prices showing advances ovel
Saturdays final figures of from a0s per cent
There was some hesitation in the early trading
but the entire list soon became strong under tn.
lead of Canada Southern. The improvement
was slow but steady, and continued without in
terruption until nearly p. NJ. when the marke
became somewhat Quieter and a general frac
tional reaction ensued. The market steadied il
the last hour. and the close was quiet but barely
steady at fractional recessons from the bes
prices of the day. Almost everything tn,
active list shows an advance to night, but Will
Canada Southern and Union Pacific are each VI
ii per cent, the gains in the remainder ar,
measured by fractions only.
Railroad bonds were more active to-day. ant
She aggregate saIes were 81, 712 000 FIT Wortl
Il Denver frsse contributed sl45 COO and Allan
tic & Pacific incomes $1O8 600 While the mar
sluggish. and though closing prices general,
show advances they are, for the most part, TO
fractions only. Chesapeake 81 Ohio sizes, how
ever. rose 2. to 80; Rochester q Pittsburg frsts
3, to 40; Shenandoah Valley general skies, :
10 40
State bonds were dull and steady Closin
quotations were: